• Subscribe
  • Advertise
    • Media Info
    • Terms & Conditions for Advertisers
    • Mechanical Data

Broadband TV News

Independent. Since 2003

  • Home
  • News Line
    • Central & East Europe
    • People
  • TV
    • On Demand/VOD
    • IPTV
    • Cable
    • Satellite
    • Terrestrial
    • Distribution
  • Business
  • Tech
  • Columns
    • Chris Dziadul
    • Julian Clover
    • Robert Briel
  • Events
    • Events Diary
    • BTN Events
    • Events Coverage
    • Submit the details of your event
  • Features
  • Resources
    • White Papers

Freenet acquires stake in Swiss Sunrise

March 17, 2016 23.44 Europe/London By Jörn Krieger

Sunrise HQGerman mobile communications company Freenet has purchased a 23.8% stake in Swiss telco Sunrise for around €714 million.

Freenet buys the shares from investment group CVC Capital Partners and thereby becomes the largest shareholder in Sunrise.

With more than 3 million customers, Sunrise is Switzerland’s second-largest telco after Swisscom. Its portfolio comprises mobile subscriptions, broadband internet, fixed-line telephony and IPTV.

Christoph Vilanek, CEO of Freenet, and the company’s CFO Joachim Preisig will join the board of directors of Sunrise.

“We have been watching the development of Sunrise Communications AG very closely for some time now,” said Vilanek. “We understand their business model and, with regard to cash orientation and the financial profile, we can see strong parallels with our profile on the capital market.”

Lorne Somerville, Partner and Global Head of TMT at CVC Capital Partners, added: “After more than five years of CVC ownership, we hand over to a new major shareholder. Freenet is an industry insider with more than 12 million mobile customers in Germany and leading edge retail capabilities.”

The expansion to Switzerland is Freenet’s second major acquisition in recent times. In early March 2016, the company announced the takeover of large parts of German technical services provider Media Broadcast.

  • Click to share on Facebook (Opens in new window)
  • Click to share on Twitter (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on WhatsApp (Opens in new window)

Related

Filed Under: Finance, Newsline, Telco Tagged With: CVC Capital Partners, Freenet, Sunrise, Switzerland Edited: 20 March 2016 20:26

About Jörn Krieger

Jörn reports on the latest developments in Germany, Austria and Switzerland. Since 1992, he has been working as a freelance journalist, specialised in digital media, broadcast technology, convergence and new markets. He also takes up University lectureships, writes articles in specialist publications, and produces radio reports. Jörn is also a moderator of panel discussions at industry events such as ANGA COM, Medientage München and IFA Berlin.

Latest News

  • VIDAA partners with Amagi in FAST expansion
  • BBC journalists threaten action over News Channel merger
  • Ukrainians reluctant to pay for sports TV
  • Aleksander Kutela to head Ringier Axel Springer Polska
  • CEO Thorsten Dirks to leave Deutsche Glasfaser

Watch Video

EKT backing RDK – ANGA COM Roundup Video

Jill Mulder, VP Marketing, EKT discusses how viewing habits and the role of the operator is changing and why EKT now backing RDK, with Broadband TV News editor Julian Clover. … [Watch Now ...]

24i on app development and viewer recommendations – ANGA COM Roundup Video

Julian Clover speaks to 24i's Sales Director Operator Solutions, Lennart Broers, about how apps are becoming more important to pay-TV operators, and the recent acquisition of recommendations company The Filter. … [Watch Now ...]

Free Ebook

eBook: The Full Guide to IP Monitoring

IP is the future of your facility, if not already your everyday reality. It enables incredible agility and cost savings, but also introduces a new set of challenges. Read The Full Guide to IP Monitoring to learn about the best practices for IP monitoring in live production, playout and OTT and the methods to help you to reduce complexity in these workflows. … [Download the eBook...]

Broadband TV News

  • Subscribe
  • About us
  • Contacts
  • Logos & Pictures
  • Privacy Policy
  • Terms and Conditions

Advertising

  • Media Info
  • Terms & Conditions
  • Mechanical Data
  • Video Services

News

  • Latest
  • Central & East Europe
  • TV
  • Tech
  • Streaming
  • Cable
  • Satellite
  • Terrestrial
  • IPTV
  • Business
  • People

Events

  • Events Diary
  • BTN Events
  • Submit the details of your event
  • Media Meet & Greet

Broadband TV News

PO Box 499
Cambridge
United Kingdom
CB1 0AH
news@broadbandtvnews.com

Connect with Us

 

Copyright © 2022 Broadband TV News LLP · Log in

 

Loading Comments...